Real Estate Investing in Redfield, South Dakota
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Should you buy in Redfield, SD? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.4% of homes vacant — above national norms.
What’s happening in Redfield, SD?
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Market Trends — Redfield, SD
Home Value History
Investing in Redfield Real Estate
Redfield in South Dakota is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.
Redfield is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. firmly out-of-state investors should be especially careful with the assumptions they carry in.
Market conditions in Redfield are muted. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.
Demographics in Redfield show real pressure — median income of $N/AK is lackluster relative to rents, and the 0% renter share includes significant cost-burdened households.
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ZIP Codes in Redfield, SD
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View PlansFrequently Asked Questions About Redfield, SD
How expensive is real estate in Redfield, SD?
The median home value in Redfield, SD is roughly $168K. That puts it reasonable relative to the SD statewide average.
How do landlord-tenant laws work in Redfield, SD?
SD ranks as a landlord-friendly state for landlord-tenant law. Redfield generally follows the statewide framework, so landlords face reasonable operating rules.
What does house hacking look like in Redfield, SD?
For house hackers, Redfield, SD is a challenging. The $837/mo rent on a unit helps defray the mortgage on a $168K property.
Is Redfield, SD a good place for real estate investing?
Yes - Redfield, SD a 3.0/5 investability score. With $168K home prices against $837/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strong is the working-renter base in Redfield, SD?
Tenant demand in Redfield, SD is solid. The local workforce $837/mo rents across most rental classes.
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